T-Mobile has recently signed an agreement to acquire Layer3 TV, and subsequently introduce a new TV service some time in 2018. Based in Colorado, Layer3 TV is a well known cable company that not only provides basic cable TV services and premium channels, but also streams online video and social media in several markets throughout America. In buying the Layer3 TV brand, T-Mobile is looking to make full use of the cable company’s video content offerings in order to better compete with legacy cable and satellite video operators.
According to a report recently published by the Nikkei Asian Review, it appears that SoftBank, the parent company of Sprint, is planning to cease merger talks with Deutsche Telekom, the parent company of T-Mobile, at least for now.
According to a report recently published by Bloomberg, major US wireless carriers T-Mobile and Sprint are said to be finalizing the terms of a proposed merger deal, which could be officially announced before the end of this month, when both companies will be releasing their respective quarterly earnings report.
According to a very recent report released by CNBC, the parent companies of major US wireless carriers T-Mobile and Sprint are in active talks regarding a potential merger. T-Mobile parent Deutsche Telecom is said to be engaging in discussions with Sprint parent SoftBank about the possibility of effecting a stock for stock agreement that would have the former become the majority owner of the resulting combined business entity.
At the start of last weekend, the Wall Street Journal has published a report stating that Sprint had proposed a merger deal with Charter Communications that would effectively place the combined business entity under the control of Masayoshi Son, the chairman of SoftBank (which is the parent company of Sprint). Charter, however, has said that it is still looking to take full advantage of its existing MVNO deal with Verizon Wireless, and claimed that it is not planning to acquire Sprint.
Last week, there was talk that Dish Network and Amazon were engaging in discussions for a potential partnership, a move that just might begin to challenge the dominance of the Big Four carriers in the United States (namely Verizon Wireless, AT&T, T-Mobile, and Sprint) as well as those cable companies who are already entering into the wireless industry.
Verizon Wireless has recently announced this week that it had managed to close its $4.48 billion buyout of Yahoo, amidst a lengthy and at times tricky negotiation phase replete with shareholder spats and breaches of security. As Yahoo moves on to a whole new chapter (where it is no longer an independent business entity), Marissa Mayer, the chief executive officer of the Internet giant, has chosen to step down, announcing the decision on Tumblr.
According to Straight Path, it had very recently struck a merger agreement that will have Verizon Wireless pay an estimated $3.1 billion in an all stock transaction in order to acquire the wireless spectrum holder. By securing this deal, the Big Red has effectively managed to outbid rival AT&T for Straight Path’s spectrum. Apart from the $3.1 billion sum, Verizon will also be paying a termination fee in the amount of $38 million to AT&T.
In a bid to try to compete with the Big Four (namely Verizon Wireless, AT&T, T-Mobile, and Sprint), Comcast and Charter have decided to join forces in order to enter the wireless market in the United States. Specifically, the two cable TV giants are looking not only to forge a partnership but also make full use of separate mobile virtual network operator deals that both have struck with industry leader Verizon.
Just this week, wireless carrier AT&T has revealed a deal that would give shareholders of Straight Path Communications $1.25 billion (or an equivalent of $95.63 a share) in AT&T stock for the communications asset firm. When including the penalties Straight Path owes the Federal Communications Commission (FCC), the total value of the deal is $1.6 billion.
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